Definition: The mortgage year-end statement is a type of financial report that provides an overview of a borrower's monthly mortgage payments during the preceding year, including all necessary charges such as fees, interest rates, and taxes. The mortgage year-end statement typically includes the following information: - Monthly principal and interest payments made on each loan, including any prepayments or adjustments - Interest expense for each month, including both fixed-rate and variable-rate mortgages - Any additional charges, such as late fees or penalties for non-payment of principal or interest - Total amount borrowed during the year, including any outstanding balances or modifications to the mortgage agreement The term "mortgage year end statement" refers to this type of financial report.
closed bracket.
what should be said.